SALT LAKE CITY, May 10 /PRNewswire-FirstCall/ -- Roy W. Simmons, founder
and former chairman of Zions Bancorporation, passed away May 9 at age 90.
Born January 24, 1916, in Portland, Oregon, he served as CEO of Zions
Bancorporation and Zions First National Bank from 1964 until 1990, and retired
as chairman of the board in 2002. Since then he has served as chairman
emeritus. In 1955, Mr. Simmons and his business partners organized Keystone
Insurance and Investment Co., which acquired a controlling interest in Zions
First National Bank in 1960. Keystone later changed its name to Zions
Bancorporation. By the time he retired in 2002, Mr. Simmons had built Zions
into one of the nation's premier banking companies. His son, Harris H.
Simmons, now serves as the company's chairman, president and chief executive
officer.
"Roy Simmons was one of the nation's most respected and admired bankers
and was prominent in numerous community affairs," said Doyle L. Arnold, vice
chairman and chief financial officer. "He will be deeply missed by all who
knew him."
Zions Bancorporation (Nasdaq: ZION) is one of the nation's premier
financial services companies, consisting of a collection of great banks in
select high growth markets. Zions operates its banking businesses under local
management teams and community identities through over 450 offices and
500 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada,
New Mexico, Oregon, Texas, Utah and Washington. The company is a national
leader in Small Business Administration lending and public finance advisory
services. In addition, Zions is included in the S&P 500 and NASDAQ Financial
100 indices. Investor information and links to subsidiary banks can be
accessed at www.zionsbancorporation.com.
SOURCE Zions Bancorporation
-0- 05/10/2006
/CONTACT: Clark Hinckley of Zions Bancorporation, +1-801-524-4787/
/Web site: http://www.zionsbancorporation.com /
(ZION)
CO: Zions Bancorporation
ST: Utah
IN: FIN
SU:
KA-TU
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4174 05/10/200617:21 EDThttp://www.prnewswire.com